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December 2016

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The Pakistan textile exporting industry has received a bonanza from the government in the form of a duty drawback on customs duty paid on import of raw materials used in manufacture of textile products meant for export.

Through a circular, subject to certain conditions, the Federal Board of Revenue (FBR) notified that it has permitted repayment of customs duty paid on imported raw materials used in the manufacture of textile export goods.

One of the conditions says that the said goods should have been produced as per the formula furnished to FBR, showing the quantity of various imported raw materials specified and used in the production or manufacture of the goods specified and manufacturer maintains proper record of the goods.

Other conditions include that the goods are exported out of Pakistan and an application for repayment of customs-duties is presented within 210 ten days of export or of the publication of this notification or within 180 days from the date of realization of foreign exchange.

Click here to read and view the circular from the Federal Board of Revenue.